Europe Roundup: Sterling steadies as UK economy grows at slowest annual rate, euro holds near 4-week trough amid political turmoil, European shares tumble - Monday, November 11th, 2019
Asia Roundup: Aussie rebounds as business conditions improve, gold consolidates ahead of U.S. President Trump speech, Asian shares plunge - Tuesday, November 12th, 2019
Asia Roundup: Aussie falls in early Asia as retail sales data misses expectations, Asian markets noticeably up, gold trades flat at $1,511 mark - Monday, November 04, 2019
Europe Roundup: Sterling consolidates below 1.2900 amid persisting concerns over economic outlook, euro gains on better-than-expected EZ trade surplus, European shares plunge - Friday, November 15th, 2019
America's Roundup: Dollar little changed as U.S.-China trade talk outcome awaited. Wall Street slids,Gold prices gain, Oil prices fall on large U.S. crude build-November 7th,2019
Europe Roundup: Sterling eases on downbeat labour data, euro slumps following ECB Coeure's comments, investors eye Trump's trade speech - Tuesday, November 12th, 2019
America's Roundup: Dollar gains versus yen on continued trade deal optimism, Wall Street hits fresh record high, Gold slides over 1%, Oil rebounds to $62 on hopes for U.S.-China trade deal-November 8th,2019
Europe Roundup: Sterling steadies below 1.3000 on upbeat UK manufacturing PMI, greenback near 2-week trough ahead of U.S. nonfarm payroll report, European shares surge - Friday, November 1st, 2019
Europe Roundup: Euro steadies on upbeat German economic data, greenback gains on Fed Powell’s comments, European shares tumble - Thursday, November 14th, 2019
America's Roundup: Dollar gains on trade optimism, Wall Street gains, Gold slips, Oil gains on optimism over US-China trade deal-November 6th 2019
Europe Roundup: DXY pauses downside amid upbeat data and positive signals around US-China trade negotiations, Bullion halts the three-day rise, European indices set to hit fresh multi-month highs - Monday, November 4th 2019
Asia Roundup: Aussie at 1-month low on downbeat employment data, dollar eases against yen amid renewed U.S.-China trade deal concerns, Asian shares slump - Thursday, November 14th, 2019
Europe Roundup: Sterling gains as no-deal Brexit chances ease, euro steadies near 1-month low as Euro zone industry output rises, European shares off 4-month peak - Wednesday, November 13th, 2019
Asia Roundup: Antipodeans steady, dollar halts 5-day losing streak against yen on U.S.-China trade deal hopes, investors eye EZ inflation data - Friday, November 15th, 2019
Asia Roundup: Kiwi at 1-week peak as RBNZ stands pat, greenback consolidates ahead of Fed Chair Powells' testimony, Asian shares tumble - Wednesday, November 13th, 2019
America’s Roundup: Dollar buoyed by U.S.-China tariffs pledge, Wall Street little changed, Oil falls amid doubts over US-China trade deal-November 9th,2019
Europe Roundup: Sterling eases amid persisting Brexit concerns, euro at 8-day low on weak manufacturing surveys, European shares surge - Thursday, April 18th, 2019
Economic Data Ahead
Key Events Ahead
DXY: The dollar index rallied to a 10-day peak as the euro plunged on weak manufacturing surveys, while sterling eased on persisting Brexit concerns. The greenback against a basket of currencies traded 0.3 percent up at 97.28, having touched a high of 97.33 earlier, its highest since Apr. 8. FxWirePro's Hourly Dollar Strength Index stood at 59.11 (Bullish) by 1100 GMT.
EUR/USD: The euro plunged to an 8-day low after data showed businesses across the eurozone stumbled into the second quarter raising concerns about an economy struggling to gain traction. The European currency traded 0.4 percent down at 1.1252, having touched a low of 1.1243 earlier, its lowest since Apr. 10. FxWirePro's Hourly Euro Strength Index stood at -3.00 (Neutral) by 1100 GMT. Immediate resistance is located at 1.1331 (Mar. 25 High), a break above targets 1.1361 (Mar. 19 High). On the downside, support is seen at 1.1213 (Mar. 28 Low), a break below could drag it till 1.1183 (Apr. 2 Low).
USD/JPY: The dollar eased as weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend. The major was trading 0.1 percent down at 111.92, having hit a high of 112.16 on Wednesday, its highest since Dec. 20. FxWirePro's Hourly Yen Strength Index stood at 83.12 (Slightly Bullish) by 1100 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. retail sales, unemployment benefit claims, business inventories, Markit prelim PMI's and Fed Bostic's speech. Immediate resistance is located at 112.60 (Dec. 20 High), a break above targets 113.24 (Dec. 5 High). On the downside, support is seen at 111.20 (Apr. 3 Low), a break below could take it lower at 110.53 (Mar. 20 Low).
GBP/USD: Sterling slumped to a near 2-week low, despite British retail sales volumes surging by the most in nearly two-and-a-half years in annual terms, leaping by 6.7 percent in March. The major traded 0.2 percent down at 1.3013, having hit a low of 1.3002 earlier, it’s lowest since Apr. 5. FxWirePro's Hourly Sterling Strength Index stood at -55.40 (Bearish) 1100 GMT. Immediate resistance is located at 1.3121 (Apr. 5 High), a break above could take it near 1.3149 (Apr. 1 High). On the downside, support is seen at 1.3000, a break below targets 1.2976 (Mar. 29 Low). Against the euro, the pound was trading 0.1 percent up at 86.49 pence, having hit a low of 86.80 on Wednesday, it’s lowest since Mar. 22.
USD/CHF: The Swiss franc tumbled to a 5-1/2-week trough as the greenback rebounded on the back of upbeat U.S. economic data. The major trades 0.05 percent up at 1.0111, having touched a high of 1.0114; it’s highest since Mar. 11. FxWirePro's Hourly Swiss Franc Strength Index stood at -20.15 (Neutral) by 1100 GMT. On the higher side, near-term resistance is around 1.0128 (Nov. 13 High) and any break above will take the pair to next level till 1.0154 (Mar. 8 2017 High). The near-term support is around 1.0055 (5-DMA), and any close below that level will drag it till 0.9967 (Apr. 3 Low)
European shares surged, supported by strong quarterly results from corporates, while euro slumped on the back of weak manufacturing surveys from Eurozone.
The pan-European STOXX 600 index rallied 0.2 percent at 390.36 points, while the FTSEurofirst 300 index gained 0.2 percent to 1,534.10 points.
Britain's FTSE 100 trades 0.05 percent down at 7,467.08 points, while mid-cap FTSE 250 gained 0.2 to 19,827.09 points.
Germany's DAX rose 0.5 percent at 12,214.10 points; France's CAC 40 trades 0.3 percent higher at 5,577.81 points.
Crude oil prices rose supported by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. International benchmark Brent crude was trading 0.1 percent higher at $71.63 per barrel by 1052 GMT, having hit a high of $72.25 on Wednesday, its highest since Nov. 8. U.S. West Texas Intermediate was trading 0.05 percent up at $63.75 a barrel, after rising as high as $64.77 last week, its highest since the Nov. 1.
Gold prices rose, hovering away from a near 4-month low touched earlier in the session after data showing euro zone businesses were under pressure stoked concerns about global growth. Spot gold was trading 0.1 percent up at $1,275.20 per ounce by 1057 GMT, having touched a low of $1,271.07, its lowest since Dec. 27.
The German 10-year bond yields eased three basis points to 0.05 percent, dropping further off Wednesday's high of 0.10 percent.
The Japanese government bondsBs bounced from yesterday's sell-off, with JGB futures up nine ticks from yesterday's close to open at 152.46. The yield on the 30-year fell 1.5bp to 0.555 percent in early trade, while 20-year yields dipped 0.5bp to 0.39 perent.